The projects partners are MISC Berhad (MISC), Lloyd’s Register (LR), Samsung Heavy Industries (SHI) and MAN Energy Solutions (MAN).
Yara will work alongside MISC, LR, SHI and MAN to develop ammonia propulsion ships to support the maritime industry’s drive to decarbonisation.
In addition, the consortium will be able to tap onto MPA’s experience as a bunkering hub and flag state to gather insights on safety issues and ammonia bunkering procedures, and gain access to research capabilities in Singapore.
The addition of MPA and Yara means that the alliance which was first unveiled in January 2020, now has a complete representation from all areas of the maritime ecosystem.
This announcement follows a key project milestone in September 2020 when LR awarded Approval in Principle to SHI for its ammonia-fuelled tanker design with the aim of commercialising these developments by 2024.
To meet the International Maritime Organization’s (IMO) 2050 ambitions on halving greenhouse gas (GHG) emissions from 2008 levels, zero-carbon vessels need to enter the world fleet by 2030. The JDP was motivated by the partners’ shared belief that the maritime industry needs leadership and greater collaboration if shipping is to meet the IMO’s GHG ambitions
says MPA Singapore.
While ammonia is one of the fuels being considered by maritime stakeholders, the partners also recognise that the shipping industry will need to explore multiple decarbonisation pathways and hope their collaboration will spur others in the maritime industry to join forces on addressing this global challenge.
MPA Chief Executive, Ms Quah Ley Hoon, from her side, said that:
Decarbonisation remains a key priority for the maritime sector, not just in Singapore but globally. As a transshipment and bunkering hub, we are committed to meet IMO2030/2050 decarbonisation goals. We are also looking forward to collaborating with like-minded industry partners to support the development and trials of alternative future marine fuels such as ammonia
As for, Yara, it noted that supporting the enabling role of ammonia in the energy transition, it recognizes the need for value chain collaboration to make zero emission shipping by using ammonia as a fuel a reality.
Finallt, SHI President and CEO Jin Taek Jung, added that in the course of energy transition, joining this JDP towards developing zero-carbon vessels coincides with SHI’s endeavor to find sustainable growth momentum and fulfill our social responsibility for clean environment. The long-term journey to realize zero-carbon and ultimately zero-emission vessels requires extensive cooperation of the stakeholders in the maritime industry.